Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1887-03-25


AN ACT to restrict the ownership of real estate
in the State OF minnesota to American citizens
and those who have lawfully declared their in
tenti0ns to become such, and SOL forth, and to
limit the quantity Of land which corporations
may acquire, hold or own.
Be It enacted by The Legislature OF the State Of
SECTION l. That it shall be unlawful for any
person or persons, not citizens OF the United
States or who have not lawfully declared their
intentions to become such citizens, or for any
corporations not created by or under the laws
OF the United States or OF some state or terri
tory OF the United States. to hereafter acquire,
hold or own real estate so hereafter acquired, or
any interest therein in this state except such as
may be. acquired by devise or Inheritance or in
good faith i'll the ordinary course OF justice in
the collection OF debts hereafter created
Provided, That the prohibition OF this section
shall not apply IN such cases as the right to hold
lands in the United States is secured by existing
treaties to The. citizens or subjects of foreign
countries which rights shall continue to exist
so long as such treaties are in force.
Provided further, That the provision of this
section shall not apply to actual settlers upon
farms Of not more than 100 acres of land who
may settle thereon at any time before January
first, 1889.
Provided further, That none Of the provisions
of this act shall be construed to apply to lands
acquired, held obtained in good faith by due
process OF law in the collection OF debts or the
foreclosure Of mortgages.
SEC = That no corporation or association,
more than twenty per centum OF the stock of
which is or may be owned by any person or per-
sons, corporation or corporations, association or
associations, not citizens Of the United States
shall hereafter acquire or shall hold or own any
real estate hereafter acquired in this state.
SEC. !. That no corporation other than those
organized for the construction or operation Of
railways, canals, or turnpikes, shall acquire
hold or own over five thousand acres of land, 80
hereafter acquired ilf this state: and no railrad
canal or turnpike corporation shall hereafter &C
quire, hold Or own lands so hereafter acquired
i'll this state other than as may be necessary for
the proper operation of its railroad, canal or
turnpike, except such lands as may have been
granted to it by act Of congress or OF the legls-
lature of this state
SEC 4 That all property acquired held or
owned in violation OF the provisions OF this act
shall he forfeited to this state, and it shall be
the duty OF the attorney general OF the state to
enforce every such forfeiture by due process OF
law.
SEC $. This act shall take effect and he in
force from and after Ehe first day OF July, A. u.
1897.
Approved March I'd, 1887
IS.
AN ACT TO amend section three 81 OF chapter
sixty five i65l OF the General Laws OF One
thousand eight hundred and seventy-nine
Is79l, relating to chavte! mortgages.
Be it enacted by the Legislature OF the State OF
Minnesota:
SECTION /. That section three l3, of chaDter
siXty-tiye iG5) Of the General Laws OF One thou-
sand eight hundred and seventy Zine Il $50 be
and the same Is hereby amended so as to read as
follows:
SEC 3. Every chattel mortgage shall cease to
be valid as against the creditors OF the person
ha Or bS